Ence soars as Supreme Court upholds Pontevedra concession extension

ENCE Energia y Celulosa SA

07/02/2023 14:07

** Shares in pulp and renewable energy producer Ence
 ENC.MC  jump 18% in afternoon trade after the Spanish Supreme
Court upheld the legality of Pontevedra concession extension
    ** About 2.3 million shares of the company have traded so
far on Tuesday, about 282% of their 30-day moving average
full-day volume
    ** The stock is on track for its best day since 2008 if
gains hold
    ** Including Tuesday's rise, the shares have gained 27% YTD
 (Reporting by Matteo Allievi)
 ((matteo.allievi@thomsonreuters.com;))